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The Biggest Lie Ever Sold to the American Public
The US has been lying to all of us for decades now.
We’re not talking about some kooky conspiracy theory… we’re talking about INFLATION.
By understating inflation, the Federal Government and Federal Reserve have done two things:
- Exaggerated our economic growth.
- Lied about the true cost of living in the US.
Regarding #1, every time the US prints GDP growth numbers, it adjusts this data for inflation. The reason for this is that if the economy grows at 10%, but prices also rise at 10%, then there really hasn’t been any actual growth.
To deal with this, the US adjusts its GDP measures for inflation to make it appear as f they’re objective. The only problem is that the US adjusts GDP using a phony inflation number that is much lower than reality.
A great example is last quarter when we were told that the GDP grew at an annual rate of 0.1%. The reality is that if you used realistic inflationary measures, the US economy SHRANK at a rate of over -1% last quarter. Yes, negative 1%. The worst GDP print since 2009.
The same lie has been extended to the US population about our standard of living.
For decades now we’ve been told that we were getting wealthier because incomes were growing and asset prices like stocks and real estate were rising.
However, the reality is that inflation was the source for much of this “growth.” The US Dollar has lost nearly 20% of its value in the last decade. The end result is all of us are paying much more for EVERYTHING. But we’re being told that we’re actually richer because incomes are up
This is why understating inflation is a HUGE LIE: it is a lie to all of us that our living standards are improving when in fact they’re not.
And the media is FINALLY beginning to report on it.
Those who know the price of everything and the value of nothing are said to be cynics. Americans can be forgiven for being a bit cynical, though, when it comes to prices. Their own cost of living rarely seems to be as low as official statistics claim it is.
Friday's consumer-price index for February is seen rising 0.2% month on month, excluding volatile food and energy costs. That would bring the year-on-year pace to 2%.
A change to the inflation-measuring process 30 years ago by the Bureau of Labor Statistics, Uncle Sam's arbiter of prices, is starting to raise eyebrows again. Since 1983, house prices haven't been part of the consumer-price index. Instead, the BLS calculates "owners' equivalent rent," a mix of actual rents and what homeowners guess their homes would fetch if rented.
http://online.wsj.com/article/SB10001424127887324392804578360553019755538.html
Look around you. The cost of everything is increasing dramatically. Gas prices are UP. Home prices are UP. Healthcare costs are UP. Energy prices area UP. Everything you need to survive is UP.
Forget the Fed’s CPI measure. Inflation is here now. And things are only going to be getting worse going forward. History has shown us countless times that you cannot print money without prices soaring. There is not one single instance in which currency devaluation has not done this. And the US Federal Reserve is now printing $84 billion every single month.
What effect do you think this will have on the cost of everything?
Make no mistake, now is the time to be preparing yourself and your portfolio for this. Inflation can take its time to arrive. But once it does… things move very very quickly.
If you’re concerned about inflation… there are some very simple but HIGHLY EFFECTIVE means of shielding yourself from it… and you can learn about them in detail by visiting us at: http://www.phoenixcapitalmarketing.com/inflation.html
Best Regards,
Graham Summers
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The obligation to make a return of income for using private credit is recognized in law as an irrecusable obligation. The voluntary use of private credit is the condition precedent, which imposes the irrecusable obligation to file a tax return. If private credit is not used or rejected, then the operation of law, which imposes the irrecusable obligation lies dormant and cannot apply.
What you state may be the legal rationale adopted by those cloistered, proponents of legalized government theft and impoverishment of the producing class who infest the institutions of authority within the co-opted/corrupted banker's putative junta infesting the Land of ZOG in Washington, D.C....
The U.S. Constitution prohibits "capitation", the taxing of individual citizens.
SCOTUS has ruled the personal income tax to be illegal.....and also ruled that the 16th Amendment gave the Federal Government "no new powers of taxation".
Wake up America! You are financing your own destruction through your own ignorance..!
STARVE THE BEAST!!!
The biggest deception/lie ever perpetrated on the American People, hands down, is the unconstitutional personal income tax on wages received as compensation for services rendered and the Federal Reserve Beast. They are co-dependent.
STARVE THE BEAST!!!
Have you checked in to hookers anonymous yet?
The part the galls me is the tax on inflation i.e. Capital Gains. You put money in the bank that pays less than inflation. You are then continually taxed on the value you have lost. Makes a lot of sense.
An fha house for every idiot, NO DOC fraud may I? have one, No income verif no credit score, its my right, Thanks BJ Bill
and now a trillion serfs debt; $ 100,000 debt for every college pottery degree, keep em voting dummycrat.
and all on health care by the state. Morons,
INFLATION? THERES NO F-KIN INFLATION IT SAYS SO ON THE ALPHABET CHANNELS, repeat mantra, quick put on more colliseum gladiatior singing shows, and give them
Obamaphones, and foodstamps. on cards.
oh and take away their guns, they cant handle it, (quick hide the billion ammo we bought)
USS of A, we are a Soviet Eurozone now, jost Europe in slow motion, and there, there goes D-troit, bk,
Chicaugostan, next?
BJ Bill couldn't have done it without Newt's always accomodating congress
http://theuglytruth.wordpress.com/
Bull Dingys! The Truth about who we are is the greatest lie! "The greatest threat to America is the # of Americans who don't know what it means to be American!" ~ Dennis Prager http://shutupnsing.wordpress.com/2013/03/16/the-uninvited/
inflation is always higher than the official numbers.
http://covert.nl.ae/
Is increased taxation figured into inflation figures?
Obama is the Biggest Lie ever sold to the American public.
Ovomit is just a useful sociopathic idiot puppet of the faux-Hebrew/Babylonian/Khazarian/Sorosian Demoncraps. When his usefulness comes to an end, he'll just be another brown turd sinking into the socialist/fascist sewer of history.
Starve The Beast!!!
What is truly amazing is that people simple accept all of this. It is thier "normal" and they do not question it's basis. Beyond them to think that the system beneath them only has a finite lifespan, might be flawed, etc.
The sheeple have been dumbed down successfully-especially about econ matters. The dumb masses.
Everything up for me dramatically except for the value of my house which is down 15% from this time last year which in turn was down 60% from peak. Worst of all worlds. Massive biflation.
Shadowstats.com has inflation at 10%. Seems conservative to me. Also GDP includes govt "production". Scrub out govt production of about half and add back 5% of the result for true cost of protecting private property and correct GDP is nearer to 6.5 trillion or so.
Texas Roadhouse Entree Special (slow weeknights):
Two years ago = $6.99
Last year = $7.99
This year = $8.99
I see two meal specials for places like Applebee's and Chili's and they say "Two dinners only $25!!!", as if that's a good deal. Hell, that's food for a week. I remember the specials being two for $15 not long ago.
Papa Murphy's used to sell a two topping take-and-bake large pizza for $7, they are $10-$13 now, which makes Dominoes or another take out almost the same price so why drive to pick it up and bake it? They are shooting themselves and their franchisees in the foot.
I don't really go out much, but I see the prices and when I do take my kids out I notice the hit.
If you grocery shop you know how bad it is. Bacon, milk, eggs, bread, cereal, beef, fish, chicken, vegetables - all the staple foods you buy to make meals are up 25% at the least.
"The Biggest Lie Ever Sold to the American Public"
Global Warming wins hands down.
Get off the crack pipe, it was called the "Federal Reserve Act". The lie that keeps on taking 100 yrs and counting.
With the official 9/11 report as runner-up, and "it's a Free Market" somewhere close, and "the governement is there to serve the people" even closer
"the governement is there to serve the people"
As the Twilight Zone episode said "It's a cookbook". Cannibalism was probably the first manifestation of Socialism.
lol, that should please the Basongo; they were socialising when they ate their neighbours in the Congo, "an arm of your child and I'll sell you my cow."
Hows that for barter?
Capitalist meets socialist when one offers the other smoked thigh leg for a swig of his rum, and ten slaves instead of being stewed get taken to the cotton fields of Mississippi... for a bottle of the potent stuff!
The biggest lie ever sold to the American public was never told to the American public.
The Debt Money Tyranny Trojan Horse is the perpetual power mechanism of the Debt Money Tyrants:
http://www.keepandshare.com/doc/4768883/debtmoneytyranny-6-1-pdf-60k?tr=77
The world is being systematically bankrupted by money!
“We say in our platform that we believe that the right to coin money and issue money is a function of government. We believe it. We believe it is a part of sovereignty….
“Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson rather than with them, and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.
“When we have restored the [debt free] money of the Constitution, all other necessary reforms will be possible, and that until that is done there is no reform that can be accomplished.”
~William Jennings Bryan
So much money is in existence now that it is quickly and easily being exchanged for the wealth held by weak hands.
Weak hands? You know, people who work for a living because they can't live off the investments Mummy and Daddy left them.
Here is the trap door - no matter how much money exists in society ex Biggest Finance Capital (The Owners, The Man, whatever), IT IS ALWAYS LESS THAN THE DEBT OWED BY SOCIETY, SO SOCIETY IS TRAPPED IN A PERPETUAL STATE OF INSOLVENCY. The money (and debt used to create it!) has to grow exponentially or the debt Ponzi collapses.
Now you know why they have to inflate - if they don't, the fact that society is insolvent, by decree, will become obvious to the serfs. Exponential growth can't occur forever, so it ends in a bone grating depression... where the mega banks asset strip as much of society as they can and use their looted trillions to buy up whatever is left over for pennies on the dollar.
This is so elementary, but a debt saturated society can't fathom the wickedness of it, but that wickedness is EXACTLY the reason that will be the outcome!
The debt is inextinguishable by definition.
Henry Ford did not believe this was the result of stupidty, rather, he laid out the conspirators and their conspiracy in a fair amount of detail...
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. The one aim of these financiers is world control by the creation of inextinguishable debt.”
~Henry Ford
Oh you mean like everyone, with the amt of corruption inbred in the financial industry, no one gets much of their mummy's or dada's money. And there is a word for it too, it's called HYPOCRISY.
Gee... thanks for the third-grade* tutorial on inflation.
*6th grade for Dianne Feinswine; college sophomore for NYC students.
Libor=cpi manipulated like every other thing.
Here's a proposition to get back at these robber barons. Let's get together as "we the people" and tell the government (rather than they telling us) which items to select in order to monitor inflation. I'd suggest as just a short list, a gallon of gasoline, a loaf of bread, and a gallon of milk.
No "seasonal adjustments" or any of that bullshit. Just consistent averages from a regular list of vendors, averaged nationally. A sixth-grader could do it!
What would you suggest adding to this list?
1 doz. eggs, tube of toothpaste, 2 lb. bag of rice, can of beans ... can't use fruit or veggies, since they have inherent price volatility depending on whether they're in season or not ... coffee, maybe?
"The Biggest Lie Ever Sold to the American Public"
Pfft. You hear lies all day. Does it come with a $16.3T pricetag? Or are we looking at +$200T?........................
.............................
............. $600T?
$800T??!!!!!
Enjoy the happy time we are in the warm fuzzy feeling stage of inflationary monetary induced economy, this warm and fuzzy feeling and the booming stock market has maybe one or two years at tha most, but probably will take a swan dive off the QE cliff in the first quarter of 2014.
"Inflation" is a big lie word - with more bullshit than you can ever figure out. And there are too many variables to gather to make any sense of it for consumer goods. A much easier way is to take a commodity (not like eggs or milk or bread or meat) that is never in short supply and never subject to weather - like gravel. Go find out what a ton of ABC gravel cost 20 years ago, 10 years ago, and now. Guess what? the gravel is the same so no arguing over value and improvements, and modernization, and increase in power factors. Just plain old ABC available everywhere. Usually found in a near by dry river bed or quarry. Call them on the phone - ask how much for a ton. Engage them in a conversation about "inflation;" don't be put off by talk of tons, truck loads, and contractor discounts. Ask them to tell you for the 3 time periods using the same stuff. It is the same stuff today as it was millions of years ago. And never use the word inflation again. Because the price difference is "loss of purchasing power." Don't be surprised if you are too angry to talk after you find out. Then consider whether you want to be a good, silent citizen any longer.
It doesn't really matter what the hell you call it while it's ripping your throat out.
Our gravel, per ton, #4 agg is running about $7 with no freight (plant pick up). Four years ago, same was $4, eight years ago was $5. Demand zeroed out in 2008-2010. Prices dropped to try to sell enough to just meet the nut. Barely scraped by. Seems like most of our business now is government related in one way or the other.
Gravel, like any other commodity, is affected by market conditions. We managed to hang on so far, but a number of competitors have left our area. When demand slumped, we had to drop prices as much as possible. In the unlikely event that demand starts increase, so will our prices.
To give you an idea of how bad it was, in 2005 we did $63 million in sales. In 2009, $22 million. We should be about $34 million at the end of March (fy). 90% of that revenue is government related. We still have miniscule private demand.
Hang in there Phart, you are not alone. Experiencing same type of numbers in my line of business. Big drop off and now just going sideways at the new normal. Now start piling on all the regulation DC keeps spewing out year after year and you would think those idiots really do not want anyone to be in business much longer.
You forgot #3 -
stealing your savings (IF you actually have any)
and
stealing from your retirement (if it has any COLA provisions)
The absolute evil of ZERO INTEREST .... punish the prudent savers at the expense of the debtors. The "time value" of money has gone to zero .... this is bad, very bad.
Buy more gold, buy more silver.
It's the best thing the postman can deliver.
Trade those zero interest Feral Reserve Notes for something you can fondle or bang your head on.
*rubs a 1921 Morgan on his junk*
Inflation party time, bitchezzzz. Ben is the host, and almost every one is drinking his kook aid! Shit yeah
I am so confused why some here espouse the idea there is no inflation. Every day when I leave my house I am inundated with inflation at every turn. Grocery store items seem to be going up every week. I filled my car at $4.20. Last week was $4.14. All our lab supplies have gone up dramatically in the last few years, at least 20% and in some cases more ( Obamacare?) I don't know what lifestyle one has to lead to not experience this. Some one told me they calculated inflation in San Diego at 8%. I probably should delve into our personal expenses and verify that but what would be the point? We've already cut all non essentials. We are not getting raises at our jobs to compensate even remotely for this. Can't everyone see we're on a sinking ship? Why does everyone seem to be walking around oblivious? Is there Soma in the public water supply? I'm so frustrated, angry and depressed at the whole fucking country.
Miffed:-)
You're telling me. I have the misfortune of working as a public employee without a union contract. It's a terrible place to be right now; too competent to be a contractor and not protected by a union. Long story short, my salary's been frozen for five years and the walls are closing in on me. I've been trying to get out for awhile, but I don't understand the job market anymore. Liars seem to have their pick of everything while those with actual skills (vaunted STEM degrees even) go wanting. It's maddening.
Five years ago, I was earning OK money all things considered. You know the deal, a lower salary offset by a pension and cheaper insurance. I'm talking just below the median that demagogues like Limbaugh appeal to when they wage their brand of class warfare. I made payments on a new car, regularly contributed to a savings account, and had a little left over (but no cable or iPhone or other frivolous bills). In other words, I was living well within my means.
Today, I can't save a dime, struggle from paycheck to paycheck, and another new car is about as likely as a seat on the next Space-X rocket. I know some people are thinking "stupid liberal" but the worst of the price spikes have come at the hands of Republicans preaching conservatism. At the state level, deregulation of electricity caused prices to skyrocket. At the local level, my property taxes outpace official inflation every year. Gas, food, mandatory garbage/sewer service, etc are always up too.
It's not like I haven't tried anything else. I've had a part-time job for years that's now almost a waste of time for how little it pays. I've tried to start a business but in the absence of loans I've had to self-fund resulting in far slower growth. Welfare isn't an option either no matter how fantastical the morons on TV make it appear for their even dumber audiences. I'm cutting corners everywhere I can think of and keeps getting harder to breathe. I just don't know what to do.
rkds, be honest you did vote o bum a and co right? maybe you ought to rethink that. ps not saying you should vote repub, I voted 3rd party, at least that was the input in to diebold who knows what vote got counted.
I would never call you a stupid liberal. That's all we need....more division to foster this horrendous situation TPTB have inflicted upon us. I force myself to occasionally listen to the pompous ass Limbaugh just to get a taste of what the "conservative" sheeple are listening to. There was a caller who closely stated what you posted. Limbaugh went into this homily on how not to give up on yourself and there are still opportunities in this great country of ours. Blah blah blah. I practically wreaked my car I was so angry.I hear and understand what you say and am living it every day as well. God help all of us.
Miffed:-)
I was on a long 6 hr drive in a remote area of Montana for work one day and tried to find something on the radio to listen to and found a station that came in okay, it was 'talk' radio. I was listening to it for about 10 minutes and wondered who the fuck it was saying this crazy shit and suffered thru it long enough to find out it was Glenn Beck.... WTF I don't listen to any media outlets anymore and couldn't help but wonder why the fuck such crap was able to be aired, with no other choices available (like music) for at least 100 miles, in the middle of bum fuck egypt. The shit is poison for the mind, I don't listen to or watch any 'liberal' or 'conservative' media because it seems all major media is contaminated. Fucking fox drove me away in 2004 with crazy shit about oil regenerating itself ad infinitum, Dobbs drove me away with the broken record issue chasing, O'Reilly drove me away with his pure assholeness, John Stewart drove me away with his snickering fucking laughing like the whole corrupt thing is funny and some kind of joke, Colbert drove me away with his act like stewart as if it is a funny thing that the country is fucking a rotting cesspool of corruption and avarice laced with mountains of propaganda passing as news or thoughtful commentary when it is neither
"Is there Soma in the public water supply?"
Yes, it's called fluoride.
Funny, you may have stumbled on my answer. Im on a well and never drink city water. Oh well, I know now how to take the blue pill and reenter the matrix if I so chose.
Miffed;-)